The Berlin real estate market is familiar with the word "crisis". Since 2007/2008, anyone who has overcome the speculation period and then sustained properties for a few more years in view of the positive developments has known that a crisis is also always an opportunity. Does that also apply to the time after Corona? An analysis.
The corona crisis will lead to liquidity bottlenecks for tenants in Berlin. The Federal Government and the Berlin Senate are countering this with protective umbrellas and programs. Which tenants are particularly at risk?
On January 30, the "Law on the revision of legal regulations on rent caps", or "rent cap" for short, was approved by the Berlin House of Representatives. After publication in the official government gazette at the beginning of February, the law will come into force. The most important paragraphs, hidden pitfalls, risk of fines. A detailed discussion of the rent cap, here.
If you want to live in Berlin, you need an apartment. Unfortunately, patience, luck and a job are no longer enough to find a place to live in Berlin. Surprising: almost 126,000 apartments in Berlin seem to be vacant.
The rent cap has been approved by the Senate. By law, the rents for about 1.5 million apartments built before 2014 are to be frozen for five years. Also affected are new rentals for which the rent index for 2019 is no longer used, but the new upper limits from the Senate table. All information here.